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Reply to "Divorce, refinancing gut check"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Op here. Thank you all for weighing in again and your questions. Our income is about even and won't be getting much in the way of child support but he is going to pay split the daycare/health expenses. (2 youngest in inexpensive daycare, 1 will be entering kindergarten next year) It's possible he would agree to a payment plan... I may need to resort to that. But I am loathe to stay financially beholden and tied to him for various reasons including that this becomes a point of coercion and control for him. This is why I'm in a rush to financially separate cleanly (not assume the loan or stay under the joint mortgage, etc). While legally we are doing this "amicably" it is very much not amicable emotionally or psychologically. Interesting idea to try to cash out more for myself... I could potentially do that. I just saw the appraisal and they oddly appraised the home super high. But then the monthly payments would go even higher... [/quote] What is the value of the house? A very shitty rental 2br/2baths apartment is $2800 at a minimum in central DC. I don't think he would agree to you paying him mortgage: it increases his taxable income. And believe me you DON'T want a former spouse on the mortgage and title (he will be a fool to agree only be on the mortgage). I disagree that interest rates would not go down: it's no longe 1980s the Feds are much more efficiently regulating now. I did 7/1 ARM under 2% for my mortgage and will just prepay in 7 years if it goes up. But I make way more that you (350k gross)[/quote] Could he deduct such amount from child support? Surely your attorneys could come up with a settlement agreement that specifies this arrangement?[/quote]
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